Be Prepared When the Collection Agent Calls
When the collection agent calls, be prepared. Thanks to the Fair Debt Collection Practices Act, you don’t have to take abuse just because you owe a debt. The Fair Debt Collection Practices Act (FDCPA) strictly prohibits debt collectors from using abusive, unfair, or deceptive practices. The FDCPA defines a debt collector as someone who regularly collects […]
The Automatic Stay Immediately Stops All Creditor Activity
If you are considering filing bankruptcy in Virginia, Maryland, or Washington, D.C., you should be aware of a nifty feature of the Bankruptcy Code called the Automatic Stay. Whether you file for Chapter 7 or Chapter 13, the Automatic Stay directs your creditors to cease all collection activities immediately or face court sanction. In short, […]
Top Three Reasons to File Bankruptcy
Bankruptcy is not appropriate for every situation, and the primary concern of a bankruptcy lawyer is to explore all of the options to determine whether bankruptcy or some other option is the best choice for you. No one intentionally chooses financial hardship. But how you face your adversity impacts your outcome. Here are the Top […]
Debt Settlement Companies are Rip-Offs
There exists no independent research on the success rates of so-called “debt settlement” companies. Both internal company reports and copious anecdotal evidence suggest that fewer than one in four of those who hire these companies actually complete their programs. Even more troubling, most debt settlement clients are sued by their creditors while in a debt settlement […]
What is Skip Tracing?
Skip tracing (or “skiptracing”) is the imprecise and frequently inartful process of locating a person’s whereabouts by whatever means available to the skip tracer. Skip tracing tactics are most often employed by debt collectors, although the methods are also used by law enforcement, private investigators, bounty hunters, and journalists. Skiptracing is also sometimes referred to […]
The Top Ten Reasons For Bankruptcy
You have your own story, but so do we all. If you’re considering bankruptcy, you may feel isolated or uniquely afflicted. But you are not alone. In fact, certain recurring circumstances lead people to file bankruptcy. Here are the top ten reasons for bankruptcy. 1. Debt The primary goal of bankruptcy is to eliminate debt. In […]